股价提前异动 德力股份新主生变

Core Viewpoint - The ownership of Delixi Co., Ltd. is set to change as it terminates its agreement with Xinjiang Bingxin Investment Partnership and instead issues new shares to Liao Ning Yiyuan Aviation Technology Co., Ltd., leading to a significant shift in control and management of the company [1][3][6]. Group 1: Ownership Change - The new controlling shareholder will be Liao Ning Yiyuan Aviation Technology Co., Ltd., with actual controllers Wang Tianzhong and Xu Qinghua [1][3]. - The share issuance price is set at 7.53 yuan per share, with a total fundraising target of up to 885 million yuan, aimed at improving liquidity and repaying bank loans [3][10]. - Following the completion of the share issuance, Liao Ning Yiyuan will hold up to 23.08% of Delixi's total shares [3][6]. Group 2: Financial Performance - Delixi has reported net losses for three consecutive years, with a loss of approximately 89.8 million yuan in the first three quarters of this year [1][11]. - The company's asset-liability ratio has been increasing, reaching 67.42% as of September 2023, indicating financial strain [10][11]. - Revenue for Delixi is projected to be approximately 11.24 billion yuan in 2022, with a continued decline expected in 2023 [11]. Group 3: Market Reaction - Following the announcement of the ownership change, Delixi's stock price initially rose by 6.9% but ultimately closed down by 6.08% on December 24, 2023 [2][4]. - The stock experienced a cumulative increase of 24.4% from October 16 to December 24, 2023, compared to a 2.8% increase in the broader market [5][10]. - The unusual stock price movements prior to the announcement have drawn regulatory scrutiny regarding potential insider trading [5]. Group 4: New Management Background - Wang Tianzhong and Xu Qinghua, the new controllers, have significant experience in the aerospace and deep-sea equipment sectors through their company, Huatian Aviation Technology Co., Ltd. [7][8]. - Huatian reported revenues of approximately 190 million yuan in the previous year and 77.9 million yuan in the first three quarters of this year, with a focus on high-tech manufacturing [7][8]. - The new management plans to leverage their expertise to enhance Delixi's business structure and expand into high-end manufacturing [8]. Group 5: Strategic Implications - The change in ownership is seen as a strategic move to align Delixi with high-end industrial resources and technology, aiming for business expansion and value enhancement [8][9]. - The new ownership structure is expected to facilitate better financial management and operational efficiency, although existing business operations will remain unchanged for now [8][10]. - The new management has committed to ensuring that the original business generates positive cash flow and meets specific profit targets in the coming years [11].